Hi Guys,

Day trade in #QBTS from today, entry in5/ 10,15h/ and exit at 11.05 at testing couple of times the high of the day. Then entry again on next candle and exit at 12.05h using TrendPM.

I think I micromanaged this trade , but the stock made a lot more than its normal ATR. Anyway I should use the 10MA for proffit maximizer when i see this…

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Good evening Pete,

A day trade question:

As you say often that one trade can make us the entire week, What will be the appropriate risk for day trading ? For swing trading I can calculate it very easy as a % of my account, but how do we calculate the risk for day trades? Is it similar to swing trading or is something else?

Thank you

Good afternoon Joe,

A day trade question: I see a lot of people talking about scalping. Especially for days with back and forward. Can you explain and give some examples for scalping strategy?

What is the risk to reward we are looking for? What will be the appropriate stop loss and profit target?

Thank you for all you do.

Good afternoon Joe,

A technical question for day trading: How many candles / higher lows and vice versa/ do you use to start to draw trend lines? Can you show some examples?

Thank you

Hi Pete,

I have trade management question.

#VRNA – I’m in this trade from 48 level, added shares according to the system and exited half of the position before earnings. I have set profit maximizer 20MA , as i observed the stock was holding 20MA pretty good.

The last 10 days the price action looks a bit chaotic to me. Bearish gaps, bullish gaps…

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Good afternoon Joe/Lynn,

Day trade from today. #SMCI long 10.15, in5, I get out from the trade using TPM at 11.15. Should I consider 39-40 level as resistance / on hourly chart/ and tighten the SL using MPM ?

Second entry at 11.30 in5 after pull back to VWAP. SL-just below VWAP at 37.73 level. Hit SL at 12.00. I saw SPY trending bellow VWAP but…

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Good morning Pete,

A question for position I’m already in. #PPC – entry Monday at 54 level. SL- 51., small position.

Compare to the market is holding the bid but is in fantom zone. Indesision, melted candles, topping tails, no separation.

From the other side month and week still look good , XLP the sector – yesterday BUTN.

I”m wondering is it…

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Good morning Pete,

I have question for position I’m already in. #VRNA – entry 01.14. at 48 level. I’m still tracking the position as it shows very strong stacked bullish order flow. Last two days red candles on increased volume – I’m wondering is it sign of distribution?

I see the stock is holding perfectly 20MA so I’m inclined to use it as…

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Good morning Pete,

A question for position I’m already in. #RBRK – entry 01.16 . , with intention to trade it as mechanical. I sold call option against it / expire today on profit/. But yesterday didn’t hold 20 MA and big volume candle. If today don’t make well bid candle I’m thinking to close it.

Is that right?

Thanks

Good evening Pete,

I took #C – EGOP and couple of days after, I added shares according to the system. I did’t scale back on the pull back because it wasn’t on heavy volume and everything looked fine to me until today.

Opened with gap down and took me out of the trade. I accept that as unknown – unknown.

Now i’m thinkig if I want to enter the…

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